Airline reports plunge in profit, forcing it to withhold dividend payment to owner

DUBAI—Emirates Airline said profit plunged in its just-ended fiscal year, slammed by a series of headwinds from weak business travel to a drop in bookings to the U.S. related to recent Trump administration travel directives.

Emirates said the turbulence will force it to withhold dividend payments to its Dubai government-controlled owner for the first time in more than 20 years—a sharp turnaround for an airline that has grown in those...

RELATED VIDEO

U.S. Bans Most Electronics on Flights From Eight Countries

U.S. officials banned passengers from carrying most electronics larger than a cellphone into the cabin on direct flights from eight countries in the Middle East and North Africa. Photo: Emirates Airline (Originally published March 21, 2017)